Conventional social media channels - Facebook, Twitter, Instagram - have become so saturated with ads from so many advertisers that some advertisers look for alternate channels, including Spotify.
Here's a breakdown of how it's possible
With around 240 million active users and 113 million subscribers, Spotify has a sizeable audience advertisers can explore. Brands can promote on Spotify in different ways:
Paid ads - Spotify has deep analytics, and they fully understand their user's listening behaviours, allowing advertisers to be more specific. Consider Spotify's stats on how millenials use Spotify:
- 68% of streams happen on mobile.
- They are 64% more likely to buy brands they see advertised.
- They stream more on repeat than random.
- They are 90% more likely to have the latest tech products.
That much data means advertisers can start working on understanding which ad format works best.
Playlists - There are over two billion playlists on Spotify, and according to a report one-third of these are user-generated playlists. This is a good option for brands who prefer engaging users and increasing organic reach, where advertisers can curate branded playlists with songs reflecting your company's mood. Large brands like McDonalds, Coca-Cola, and H&M all have Spotify playlists.